$NEAR – Diamond Top (12H)
Clear Diamond Top formation after the strong rally from the August–September base.
Price formed the classic expanding then contracting structure into the top, with the upper boundary near ~6.00 and the lower boundary of the diamond around the 4.60–4.70 zone.
Breakdown already occurred. The measured move from the height of the diamond projects toward the 3.20–3.40 area (red path shown).
Key levels:
• Invalidation / reclaim: sustained close back above 4.80–5.00 (blue box)
• Next support zone: 3.80 → 3.40 → 3.20
Structure remains bearish while price stays below the broken diamond support.
Clear Diamond Top formation after the strong rally from the August–September base.
Price formed the classic expanding then contracting structure into the top, with the upper boundary near ~6.00 and the lower boundary of the diamond around the 4.60–4.70 zone.
Breakdown already occurred. The measured move from the height of the diamond projects toward the 3.20–3.40 area (red path shown).
Key levels:
• Invalidation / reclaim: sustained close back above 4.80–5.00 (blue box)
• Next support zone: 3.80 → 3.40 → 3.20
Structure remains bearish while price stays below the broken diamond support.
